Lenders predict early end for Help to Buy

Almost half of mortgage lenders (46 per cent) think the mortgage guarantee part of the Government’s Help to Buy Scheme will be withdrawn ahead of schedule, a survey by the Intermediary Mortgage Lenders Association (IMLA) has found. Lenders identified the greatest threats to the success of the scheme as: artificially-inflated house prices (69 per cent)[…]

SMEs need consumer-level protection

Small and micro businesses need the same level of protection as consumers when buying utilities, according to the Federation of Small Businesses (FSB). The FSB argues that many small businesses are disadvantaged when choosing energy or water providers as they lack the resources and negotiating power of larger firms. The FSB is asking the Government[…]

Minimum wage rises to £6.50 an hour

The national minimum wage (NMW) for adults will rise by 19p an hour to £6.50 on 1 October 2014, the Business Secretary Vince Cable has announced. The Government has agreed to follow the three per cent rise proposed by the Low Pay Commission last month. This will be the first time in six years that[…]

Employee share schemes

The Government encourages trading companies to offer shares in the company to its employees. These are usually given away free or offered at a discounted rate. Sometimes the employer may not provide shares immediately but provide an option that will allow the employee to acquire shares later. In the absence of any special provisions, the[…]

Limited liability partnerships

Limited liability partnerships (LLPs) were introduced in 2001 to provide the flexibility of a partnership with the limited liability of its members. They have proved very popular, particularly for professional entities. A LLP must be distinguished from an ordinary partnership and the rare ‘limited partnership’. For all types of partnership, the general rule is that[…]